C150220 Contract

• Contract/PO #: C150220
• Contractor Name: Abbott Ranch
• Contract Type: Loan
• Water District: 1
• County: Elbert
• Loan Projects - Doc Type: Contract Documents

IFileNo, 2006-0131 Paoe#111

~ CURRENT SALES CONTRACT
~ The subject property is currently not under contract,
D The contract and/or escrow instructions were not available tor review, The unavailability of the contract is explained later in the addenda section.
D The contract and/or escrow Instructions were reviewed, The tollowing summarizes the contract:
I Contract Date Amendment Date Contract Price Seller I
I I
D The contract indicated that personal property was not included in the sale.
D The contract indicated that personal property~, II consisted of
~ Estimated contributory value is $
Personal property was not included in the final value estimate,
D Personai property ~ in the finai value estimate,
D The contract indicated no financing concessions or other incentives.
D The contract indicated the followino concessions or incentives:
~ If concessions or incentives exist, the comparables were checked for similar concessions and appropriate adjustments were made, if applicable, so
that fhe final value conclusion is in compliance with the Market Value defined herein,
~ MARKET OVERVIEW Include an explanation of current market condllions and trends.
3 to 6 mo. months is considered a reasonable marketing period for the SUbject property based on MLS DATA BANK, COMPS USED IN THIS
FORMAT
~ ADDITIONAL CERTIFICATION
The Appraiser certifies and agrees that:
(1) The analyses, opinions and conclusions were developed, and this report was prepared, in conformity with the Uniform Standards of Professionai
Appraisal Practice ("USPAP"), except that the Departure Provision of the USPAP does not apply,
(2) Their compensation is not contingent upon the reporting of predetermined value or direction in value that favors the cause of the client, the amount
of the value estimate, the attainment of a stipulated resulI, or the occurrence of a subsequent event,
(3) This appraisal assignment was not based on a requested minimum valuation, a specifiC valuation, or the approval of a loan.
~ ADDITIONAL (ENVIRONMENTAL) LIMITING CONDITIONS
The value estimated is based on the assumption that the property is not negatively affected by the existence of hazardous substances or detrimental
environmental conditions uniess otherwise stated in this report, The appraiser is not an expert in the identification of hazardous substances or detrimental
environmental conditions. The appraiser's routine inspection of and inquiries about the SUbject property did not deveiop any information that indicated
any apparent significant hazardous substances or detrimental environmentai conditions which wouid affect the property negative~ unless otherwise stated
in this report, II is possible that tests and inspections made by a qualified hazardous substance and environmental expert wouid reveai the existence of
hazardous substances or detrimenlalenvironmental conditions on or around the property that would negatlve~ affect its value.
~ ADDITIONAL COMMENTS
The assumotion is made that said sub'ect Dronertv is all or nart in flood niain as it has Comanche Creek flowino throuoh propertv,
~ APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION
Appraiser's SignatJt ~~ Effective Date April 11 , 2006 Date Prepared June 13, 2006
Appraiser's Name (print) Cleo Carroll MezQer Phone # [phone]
State CO D License ~ Certification # CRO 1316322 Tax iD #
D CO-SIGNING APPRAISER'S CERTIFICATION
D The co-signing appraiser has personally inspected the subject property, both inside and out, and has made an exterior inspection of all comparable sales
listed in the report, The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts
responsibility for the contents of the report including the value conclusions and the limiting conditions, and confirms that the certifications apply
tuliy to the co-signing appraiser.
D The co-signing appraiser has not personallv Inspected the interior of the subject property and:
D has not inspected the exterior of the subject property and all comparabie sales listed in the report,
D has inspected the exterior of the subject property and all comparable sales listed in the report.
D The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the
contents ot the report, including the value conclusions and the limiting conditions, and confirms that the certifications apply fully to the co-signing
appraiser wllh the exception of the certification regarding physical inspections, The above describes the level of inspection pertormed by the
co-signing appraiser.
D The co-signing appraiser's level of inspection, involvement In the appraisal process and certification are covered elsewhere in the addenda section
of this appraisal.
D CO-SIGNING APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION
Co-Signing Effective Date Date Prepared
Appraiser's Signature
Co-Signing Appraiser's Name (print) Phone #
State D License o Certification # Tax ID #

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